When we talk about the top 10 investors in India, Mukul Agrawal stands in the fourth position. By looking at Mukul Agarwal portfolio, you can learn how to make thoughtful choices for long-term success. As of Jan 2025, Mukul Agarwal net worth is ₹7004cr.
In this article, we will take a look at Mukul Agarwal portfolio, investment strategy, and the latest Mukul Agarwal holdings.
Who is Mukul Agarwal?
Mukul Agrawal trader is an Indian entrepreneur. He was born in 1981 in Jaipur, Rajasthan. Over the years, he has made a name for himself as one of the successful investors in India. His journey began in the late 1990s, and over the years, he has built a reputation as an aggressive yet calculated investor.
His school and college years weren’t filled with the conventional studies of textbooks. Mukul was a natural leader, organising everything from college events to sports competitions. The glitz, glamour, and larger-than-life stories of stars like Vijay Mallya and Yash Chopra made a lasting impression on Mukul. He crashed many parties and mingled with the elite
In the plush hotels of Mumbai, even when he could barely afford a cup of tea, Mukul would sit and watch the rich and famous pass by. “Richness is in the mind,” he often says. From those moments, he believed that mental wealth came before financial wealth. His confidence grew, and his hunger for success turned into a well-defined goal: he would make it big.
Mukul’s father, a journalist with The Times of India, often spoke about the stock market. The newspapers were filled with stories of IPOs, stock prices, and market trends. Mukul, ever the curious soul, started reading the papers every day, absorbing everything about the stock market.
One of his first memories was watching his father apply for IPOs and learning the basics of stock prices. But, like many young dreamers, he had no money and no contacts. That didn’t stop him. He started by trading in the grey market. He stood outside the Bombay Stock Exchange, watching the prices on a blackboard, waiting for his turn to make a move.
The early days were filled with challenges. Mukul didn’t have the privilege of insider connections or capital to start big. There were no mobile phones, no internet, just the hustle and bustle of the stock exchange ring.
Standing outside the Bombay Stock Exchange during market hours, Mukul would call potential buyers and sellers from a nearby PCO booth
Apart from his business ventures, Mukul Agrawal investor is also actively involved in educating investors, sharing his knowledge, and offering investment guidance. He is also the founder of Param Capital Group.
Mukul Agarwal Investment Strategy and Philosophy
Mukul Agrawal’s investment philosophy is built around a deep focus on long-term investment strategies.
- He often invests in smaller companies with high growth potential. But he is patient, understanding that these companies may take years to reach their full potential.
- His approach is heavily based on analysing the fundamentals of a company. He focuses on factors like the credibility of promoters and the growth potential of companies.
- “Bhaav Bhagwan Che”- he emphasises the idea that the price of a stock is a reflection of its true value and that arguing against the price is not useful.
- He strategically invests in innovative startups that have the potential to solve and address real-world problems. Some of the Mukul Agarwal investment includes Swiggy, Ola, and CureFit.
- While he invests in high-risk penny stocks, he maintains a balanced portfolio. Mukul Agarwal focuses more on established stocks, providing a mix of risk and potential reward.
Risk is inherent in investing, but Agarwal stresses the importance of understanding how to manage it.
He explains that risks, like investing in companies that may fail or face disruption, should be monitored closely, and positions should be exited if they no longer show potential. He compares investing to riding a wave, where judgment and timing are key to success.
Mukul Agarwal Shareholdings – 2025
Here is the latest Mukul Agarwal Portfolio (as of the quarter December 2024):
As per the latest data, Mukul Agarwal investor has 55 stocks in his portfolio:
| No. | Stock Name | Quantity Held | Holding (%) | Change From Prev. Qtr. | Holding Value (Crs.) |
| 1 | TAAL Enterprises Ltd. | 277,931 | 8.92 | Filing awaited for current qtr | 91.31 |
| 2 | Zota Healthcare Ltd. | 2,216,989 | 8.09 | Filing awaited for current qtr | 224.86 |
| 3 | ASM Technologies Ltd. | 762,500 | 6.48 | Filing awaited for current qtr | 105.48 |
| 4 | Capacit’e Infraprojects Ltd. | 5,250,000 | 6.21 | Filing awaited for current qtr | 213.75 |
| 5 | Oriental Rail Infrastructure Ltd. | 3,400,000 | 5.53 | Filing awaited for current qtr | 103.34 |
| 6 | Dishman Carbogen Amcis Ltd. | 8,617,000 | 5.50 | Filing awaited for current qtr | 237.83 |
| 7 | Allcargo Gati Ltd. | 7,000,000 | 4.76 | Filing awaited for current qtr | 59.51 |
| 8 | InfoBeans Technologies Ltd. | 1,121,478 | 4.60 | Filing awaited for current qtr | 48.73 |
| 9 | MPS Ltd. | 762,457 | 4.46 | Filing awaited for current qtr | 146.95 |
| 10 | Concord Control Systems Ltd. | 240,000 | 4.01 | Filing awaited for current qtr | 38.34 |
| 11 | Arman Financial Services Ltd. | 400,000 | 3.81 | 0.00 | 52.00 |
| 12 | Apollo Pipes Ltd. | 1,500,000 | 3.63 | Filing awaited for current qtr | 65.39 |
| 13 | KDDL Ltd. | 423,180 | 3.44 | Filing awaited for current qtr | 119.01 |
| 14 | Neuland Laboratories Ltd. | 400,000 | 3.12 | Filing awaited for current qtr | 585.31 |
| 15 | Pearl Global Industries Ltd. | 1,400,000 | 3.05 | Filing awaited for current qtr | 220.33 |
| 16 | Suryoday Small Finance Bank Ltd. | 3,000,000 | 2.82 | Filing awaited for current qtr | 40.03 |
| 17 | MITCON Consultancy & Engineering Services Ltd. | 495,773 | 2.80 | Filing awaited for current qtr | 5.58 |
| 18 | J Kumar Infraprojects Ltd. | 2,000,000 | 2.64 | Filing awaited for current qtr | 148.66 |
| 19 | Sirca Paints India Ltd. | 1,433,421 | 2.62 | Filing awaited for current qtr | 45.37 |
| 20 | Vasa Denticity Ltd. | 410,000 | 2.56 | Filing awaited for current qtr | 29.97 |
| 21 | Prakash Pipes Ltd. | 600,000 | 2.51 | 0.00 | 27.85 |
| 22 | Kingfa Science & Technology (India) Ltd. | 300,000 | 2.48 | Filing awaited for current qtr | 198.82 |
| 23 | PDS Ltd. | 3,465,000 | 2.46 | 0.05 | 72.05 |
| 24 | Pix Transmissions Ltd. | 300,000 | 2.20 | Filing awaited for current qtr | – |
| 25 | Sula Vineyards Ltd. | 1,850,000 | 2.19 | Filing awaited for current qtr | – |
| 26 | Transpek Industry Ltd. | 118,578 | -0.18 | Filing awaited for current qtr | 74.30 |
| 27 | Ethos Ltd. | 477,000 | 2.12 | Filing awaited for current qtr | 19.51 |
| 28 | Tracn Technologies Ltd. | 2,000,000 | 1.89 | Filing awaited for current qtr | 134.45 |
| 29 | Thejo Engineering Ltd. | 180,000 | 1.66 | Filing awaited for current qtr | 35.53 |
| 30 | Dredging Corporation Of India Ltd. | 450,000 | 1.61 | Filing awaited for current qtr | – |
| 31 | Vidhi Specialty Food Ingredients Ltd. | 800,000 | 1.60 | Filing awaited for current qtr | 36.46 |
| 32 | Stanley Lifestyles Ltd. | 900,000 | 1.58 | Filing awaited for current qtr | 35.74 |
| 33 | Raghav Productivity Enhancers Ltd. | 712,296 | 1.55 | 0.00 | 52.01 |
| 34 | Strides Pharma Science Ltd. | 1,400,000 | 1.52 | Filing awaited for current qtr | 92.25 |
| 35 | West Coast Paper Mills Ltd. | 1,000,000 | 1.51 | Filing awaited for current qtr | 54.19 |
| 36 | BSE Ltd. | 2,000,000 | 1.48 | Filing awaited for current qtr | 1,041.05 |
| 37 | Lux Industries Ltd. | 442,100 | 1.47 | Filing awaited for current qtr | 79.84 |
| 38 | Hind Rectifiers Ltd. | 250,000 | 1.46 | Filing awaited for current qtr | 32.67 |
| 39 | Intellect Design Arena Ltd. | 2,000,000 | 1.45 | 0.07 | 181.20 |
| 40 | Nuvama Wealth Management Ltd. | 500,000 | 1.40 | Filing awaited for current qtr | 330.98 |
| 41 | Prakash Industries Ltd. | 2,500,000 | 1.40 | 0.00 | 38.94 |
| 42 | Allcargo Logistics Ltd. | 13,200,000 | 1.34 | Filing awaited for current qtr | 60.90 |
| 43 | WPIL Ltd. | 1,300,000 | 1.33 | Filing awaited for current qtr | 94.72 |
| 44 | Raymond Lifestyle Ltd. | 800,000 | 1.31 | Filing awaited for current qtr | 158.40 |
| 45 | Quick Heal Technologies Ltd. | 700,000 | 1.30 | Filing awaited for current qtr | 42.54 |
| 46 | Sarda Energy & Minerals Ltd. | 4,176,000 | 1.19 | Filing awaited for current qtr | 196.98 |
| 47 | Deepak Fertilisers & Petrochemicals Ltd. | 1,500,000 | 1.19 | Filing awaited for current qtr | 76.90 |
| 48 | Indo Count Industries Ltd. | 2,325,000 | 1.17 | Filing awaited for current qtr | 163.88 |
| 49 | LT Foods Ltd. | 4,000,000 | 1.15 | Filing awaited for current qtr | – |
| 50 | Indian Metals & Ferro Alloys Ltd. | 599,329 | 1.11 | 0.00 | 53.89 |
| 51 | Ceat Ltd. | 450,000 | 1.11 | Filing awaited for current qtr | 140.18 |
| 52 | PTC Industries Ltd. | 160,000 | 1.07 | Filing awaited for current qtr | 278.27 |
| 53 | Thomas Cook (India) Ltd. | 5,000,060 | 1.06 | Filing awaited for current qtr | 91.67 |
| 54 | Radico Khaitan Ltd. | 1,400,083 | 1.05 | 0.00 | 334.38 |
| 55 | Surya Roshni Ltd. | 1,100,000 | 1.01 | Filing awaited for current qtr | 28.13 |
Mukul Agarwal Investment Strategy- Sector-wise Holdings
As per the latest Mukul Agarwal shareholding data, his stock list includes the following:
- Healthcare & Pharmaceuticals
The healthcare and pharmaceuticals sector makes up a significant part of the Mukul Agarwal portfolio.
- Infrastructure & Construction
Another major aspect of Mukul Agarwal investment strategy is his strong presence in the infrastructure sector.
- Technology
The technology sector is well-represented, with Mukul Agarwal investments in software and tech services companies such as ASM Tech, info Beans, etc.
- Consumer Goods & Lifestyle
This sector covers consumer-facing businesses in lifestyle products and hospitality. The presence in the alcohol and travel sectors indicates exposure to growing middle-class demand in India. Mukul Agarwal portfolio includes Lux, Sula Vineyards, etc.
- Manufacturing & Engineering
The companies in this sector are directly linked to retail, trading, and paper manufacturing.
- Energy
The energy sector is also represented by Mukul Agarwal shareholdings in companies that contribute to India’s energy needs, such as Sarda Energy & Minerals Ltd.
- Financial Services
A good portion of Mukul Agarwal portfolio is in the financial services sector, with investments in small finance banks and financial sector.
Mukul Agarwal Portfolio Analysis
The portfolio is well-diversified across various key sectors of the economy.
- With stocks like Zota Healthcare, Dishman Carbogen Amcis, and Strides Pharma Science, this sector makes up a significant portion of the Mukul Agarwal portfolio. Thus benefiting from India’s strong pharmaceutical sector and healthcare needs.
- There’s a strong emphasis on infrastructure development, with holdings in Capacit’e Infraprojects, J Kumar Infraprojects, and Oriental Rail Infrastructure.
- Mukul Agarwal portfolio benefits from tech companies like ASM Technologies and Intellect Design Arena. This is one of the smartest ways to explore India’s expanding digital economy.
- The Radico Khaitan and Thomas Cook investments show exposure to growing demand in consumer goods, travel, and lifestyle sectors.
- Stocks like West Coast Paper Mills and Indo Count Industries offer exposure to the retail and paper manufacturing sectors, both of which are expected to see steady demand as India’s economy grows.
Thus, to conclude, it can be said that Mulul Agarwal investment focuses on a well-rounded strategy targeting the sectors with significant growth potential in India. There’s a mix of stable and growth-focused stocks, ensuring that even if one sector underperforms, others may compensate for the risk. The focus on infrastructure, healthcare, consumer goods, and technology makes the portfolio suitable.
Mukul Agarwal- FAQs
Mukul Agarwal made money by investing in the stock market, focusing on long-term, high-quality companies, and founding Param Capital.
Mukul Agarwal is the founder and owner of Param Capital.
Mukul Agarwal net worth, as of Jan 2025, is ₹7035 crores.
Mukul Agarwal is an experienced stock market investor and trader, known for his expertise in long-term investing and market analysis.
Mukul Agarwal’s investments are spread across multiple sectors, focusing on strong, growth-oriented businesses in India.
Mukul Agarwal’s investment strategy is based on careful research, focusing on long-term growth, quality companies, and a disciplined, patient approach to wealth creation.
Mukul Agarwal holds stocks in 55 companies as of Jan 2025.
Source: Trendlyne
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.